News for CPAs…
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GASB Toolkit Helps State and Local Governments Implement Pension Standards
The Governmental Accounting Standards Board released a new tool-kit designed to help preparers, auditors, and users of state and local government financial reports understand and apply the revised pension accounting and financial reporting standards. Read More -
Accrual Accounting Provision included in Tax Reform Act of 2014
The Tax Reform Act of 2014 that was unveiled by House Ways and Means Committee Chairman Dave Camp (R-Mich.) yesterday includes a requirement that CPA firms and other businesses with average annual gross receipts of more than $10 million use accrual accounting for tax purposes. Read More
Latest Blogs
- IRS Finalizes Clarifications to Substantial Risk of Forfeiture Under ยง83 February 26 at 6:19 am Learn More
- Residential Developer Allowed to Consider Common Area Amenities in Determining Completion of Individual Contracts of Sale for Residences Under Completed Contract Method February 13 at 9:45 am Learn More
